LuxUrban Hotels Announces Pricing of Public Offering of Securities
LuxUrban Hotels Inc. (LUXH)
Company Research
Source: Business Wire
MIAMI--(BUSINESS WIRE)--LuxUrban Hotels Inc. (“LuxUrban” or the “Company”) (Nasdaq: LUXH), a hospitality company which leases entire existing hotels on a long-term basis and rents rooms in its hotels to business and vacation travelers, today announced the pricing of its public offering of 30,500,000 shares of common stock at a price of $0.25 per share. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 4,575,000 shares of common stock at the offering price. Roth Capital Partners is acting as sole book-running manager for the offering. Alexander Capital, L.P. is acting as the co-manager for the offering. The offering is expected to close on or about May 23, 2024, subject to the satisfaction of customary closing conditions.The gross proceeds from the offering, before deducting the underwriters’ fees and other offering expenses payable by the Company, are expected to be approximately $7.6 million. The Company intends to use the proce
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LUXH
News
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- LuxUrban Hotels Names Robert Arigo Chief Executive OfficerBusiness Wire
- LuxUrban Hotels Appoints Hotel Finance Executive Alexander Lombardo to Board of Directors [Yahoo! Finance]Yahoo! Finance
- LuxUrban Hotels Appoints Hotel Finance Executive Alexander Lombardo to Board of DirectorsBusiness Wire
- Struggling hotel chain overstays welcome at Hotel 57 [Yahoo! Finance]Yahoo! Finance
LUXH
Earnings
- 5/13/24 - Miss
LUXH
Sec Filings
- 6/12/24 - Form 144
- 6/12/24 - Form 4
- 6/12/24 - Form 4
- LUXH's page on the SEC website